LAW-2913 Investment Management Regulation
While Securities Regulation may be useful, the assumption for the class is that students have not previously taken Securities Regulation or necessarily have any background knowledge in the investment management industryOver $35 trillion dollars in assets in the U.S. economy are managed by professional asset managers. This course examines how investment managers and different types of investment vehicles (such as ETFs, mutual funds and hedge funds) are regulated. The course gives primary emphasis to applicable federal securities law requirements principally found in the Investment Company Act of 1940 and the Investment Advisers Act of 1940. The principal legal topics covered include: the definitions of "investment adviser" and "investment company", prohibitions and regulations relating to conflicts of interest, disclosure obligations of investment companies, and governance of such entities. Although primarily legal in nature, the course also provides an introduction to business and financial considerations relating to the investment management industry. Faculty comments: While the course will give primary emphasis to legal and regulatory principles, it will also emphasize some practice-oriented issues. Specifically, we will work through practice-oriented materials in several short, written assignments. Grading will be based on a final exam or a course paper option is available. In class exercises are collected but not grades.
Offered
Spring